Cetera Investment Advisers Makes New $425,000 Investment in Helix Energy Solutions Group, Inc. $HLX

Cetera Investment Advisers acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 51,119 shares of the oil and gas company’s stock, valued at approximately $425,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $34,000. Quarry LP boosted its holdings in Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,120 shares in the last quarter. CWM LLC boosted its holdings in Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 4,688 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $110,000. Finally, ClearAlpha Technologies LP purchased a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $118,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Raymond James Financial reissued an “outperform” rating and set a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th.

Helix Energy Solutions Group Price Performance

HLX stock opened at $5.72 on Monday. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $12.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. The stock’s 50 day moving average price is $6.42 and its 200 day moving average price is $7.00. The firm has a market cap of $840.76 million, a P/E ratio of 17.88 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $326.62 million. On average, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.